CompoSecure (NASDAQ:CMPO) Shares Gap Down Following Insider Selling

CompoSecure, Inc. (NASDAQ:CMPO) shares gapped down prior to trading on Friday after an insider sold shares in the company. The stock had previously closed at $15.50, but opened at $12.58. CompoSecure shares last traded at $12.34, with a volume of 136,036 shares trading hands.

Specifically, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total transaction of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares of the company’s stock, valued at approximately $13,222,472.38. This represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMPO. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. B. Riley boosted their price target on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research note on Monday, November 11th. TD Cowen began coverage on CompoSecure in a research note on Wednesday, December 18th. They set a “buy” rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.81.

CompoSecure Stock Down 13.9 %

The stock has a 50 day moving average price of $15.41 and a 200 day moving average price of $14.56. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -30.32, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78.

Institutional Investors Weigh In On CompoSecure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Locust Wood Capital Advisers LLC grew its holdings in shares of CompoSecure by 19.1% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 4,579,143 shares of the company’s stock valued at $70,198,000 after acquiring an additional 734,202 shares in the last quarter. Bleichroeder LP grew its stake in CompoSecure by 1.6% in the 4th quarter. Bleichroeder LP now owns 3,856,966 shares of the company’s stock valued at $59,127,000 after purchasing an additional 59,416 shares during the period. Cannell Capital LLC grew its stake in CompoSecure by 8.0% in the 4th quarter. Cannell Capital LLC now owns 2,278,726 shares of the company’s stock valued at $34,933,000 after purchasing an additional 169,067 shares during the period. Tyro Capital Management LLC increased its position in shares of CompoSecure by 1.2% during the 4th quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company’s stock valued at $30,952,000 after purchasing an additional 23,468 shares during the last quarter. Finally, Capital World Investors bought a new stake in shares of CompoSecure during the 4th quarter worth $27,387,000. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.